Millionaire Tradersto the conclusion that that’s what I wanted to do and I had a vision
of a legal career that was quite different than what’s practically
possible as an attorney. It did not take long for me in law school to
realize that I would have no interest in practicing law.
Q: What kind of law were you studying?
A: Well, in law school it’s just so general that at the beginning
you don’t get a lot of chances to specialize in anything. So I took
courses ranging from criminal to constitutional to business law.
When I was in law school, I took a summer job at an investment
bank in San Francisco and my wife worked for a hedge fund. The
exposure to these jobs started me thinking again about a career
in the markets. So I started picking courses in transactional law
or corporate law and found that I was once again fascinated by
the idea of trading and realized that I had caught the bug a long
time ago and I just couldn’t shake it and I kept coming back to the
same thing. One day while working at the investment bank, I met
a trader. Later on that same day, someone told me that the trader
I’d met made$600,000 the year before. That seemed to me to be
way more money than I could make practicing law. Then I was told
that this trader would probably make over$1 million in the current
year. I started wondering what the heck I was doing in law school.
Q: That’s really interesting that you took an internship at an
investment bank because people who study law usually take in-
ternships in some of the big law firms. What made you take it?
A: That’s a good question. It’s very kind of you to even ask that
question, that you would assume that a big law firm would have
had any interest in me, which they did not. I made the decision
to work at an investment bank mainly because I didn’t have an
alternative available to me. Although I was fortunate to get into
a good law school, my grades were absolutely terrible. I was un-
interested in a legal career from nearly the very beginning and